NBA commissioner David Stern has called off 121 more games of the 2011/12 season as contract talks between club owners and locked-out players broke down, ending all hope of a full schedule.

Stern had already wiped out the first 100 games of a season that should have started on Tuesday. He added all games from November 15-30 after three days of meetings ended in failure with no new bargaining sessions scheduled.

Billionaire owners and millionaire players remained deadlocked on how to divide annual revenues of about $4 billion nearly four months after the old deal expired July 1, prompting owners to shut down the league.

Day 120 of the lockout began with talk of progress and optimism that a full 82-game season might be possible. It ended with owners assured of television revenue and ticket income losses and players certain of lost pay cheques.

“In light of the breakdown of talks, there will not be a full NBA season under any circumstances,” Stern said. “It’s not practical, possible or prudent to have a full season now.

“We’re going to have to recalculate how bad the damage is.”

Among games lost were Boston at Miami on November 16, the Los Angeles Lakers at Oklahoma City on November 23, Portland at Dallas on November 28 and Miami at Cleveland – LeBron James against his former club – on November 18.

Stern said it will take a month between completion of a deal and the opening tip-off of an abbreviated season, so December games will be in jeopardy as early as the middle of this week without a new deal.